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Research and Development (R&D) Expenses Definition


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I don\'t drink, smoke, or do drugs. I eat organic foods and walk every day setting walking records along the way. -Johnny Wowk AKA Johnny The Walker

— Johnny Wowk

Research and development (R&D) expenses are associated with the research and development of a company’s goods or services. A company generally incurs R&D expenses in the process of finding and creating new products or services. As a type of operating expense, a company may deduct R&D expenses on its tax return.

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